Utz Brands, Inc. (NYSE:UTZ) Major Shareholder Series U. Of Um Partners, Llc Sells 397,885 Shares

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series U. Of Um Partners, Llc sold 397,885 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $18.76, for a total transaction of $7,464,322.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Utz Brands Stock Performance

UTZ opened at $18.98 on Wednesday. Utz Brands, Inc. has a twelve month low of $11.17 and a twelve month high of $20.04. The firm has a market capitalization of $2.67 billion, a PE ratio of -75.92, a PEG ratio of 1.32 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $18.02 and its 200 day moving average price is $16.28.

Utz Brands (NYSE:UTZ) last issued its earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The business had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $346.99 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Utz Brands, Inc. will post 0.72 EPS for the current fiscal year.

Utz Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 15th were issued a $0.059 dividend. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, April 12th. Utz Brands’s dividend payout ratio is presently -96.00%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America raised Utz Brands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $22.00 in a report on Thursday, March 14th. Truist Financial increased their target price on Utz Brands from $13.00 to $17.00 and gave the company a “hold” rating in a research report on Monday, March 4th. Mizuho lifted their price target on shares of Utz Brands from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Stephens upped their price objective on shares of Utz Brands from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Needham & Company LLC lifted their target price on shares of Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UTZ. Sei Investments Co. grew its holdings in shares of Utz Brands by 1.7% in the first quarter. Sei Investments Co. now owns 187,940 shares of the company’s stock valued at $3,466,000 after purchasing an additional 3,068 shares during the period. Quantbot Technologies LP purchased a new stake in Utz Brands in the first quarter valued at $239,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Utz Brands in the 1st quarter valued at $196,000. Jennison Associates LLC grew its holdings in shares of Utz Brands by 15.2% during the 1st quarter. Jennison Associates LLC now owns 1,331,581 shares of the company’s stock worth $24,554,000 after purchasing an additional 175,956 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Utz Brands during the 1st quarter worth about $359,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.